Question: Question 8 of 8 < > Current Attempt in Progress Bridgeport Models has the following account balances at December 31, 2024 Notes payable ($48,000

Question 8 of 8 < > Current Attempt in Progress Bridgeport Models has the following account balances at December 31, 2024 Notes payable ($48,000 due after Dec. 31.2025) $80,000 Unearned revenue 56,000 Mortgage payable ($72.000 due in 2025) 200,000 Salaries payable 26.000 Accounts payable 50.000 -/10 E In addition, Bridgeport is involved in a lawsuit. Legal counsel feels it is probable Bridgeport will pay damages of $20,000 in 2025 Bridgeport records contingent liabilities in the account Litigation Liability. Prepare the current liabilities section of Bridgeport's December 31.2024, balance sheet. BRIDGEPORT MODELS (Partial) Balance Sheet Question 8 of 8 < BRIDGEPORT MODELS (Partial) Balance Sheet $ -/10 E

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